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Bitcoin’s slump could be a sign of a popping “bro bubble” – BofA

Feb. 28, 2025 10:49 AM ETBitcoin USD (BTC-USD) CryptoGBTC, BTCW, IBIT, BRRR, ARKB, BTCO, HODL, FBTC, BITB, EZBCBy: Monica L. Correa, SA News Editor
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Bitcoin’s (BTC-USD) inability to stay above $97,000 lately was the first sign of a “bro bubble” popping, said Michael Hartnett, chief investment strategist at BofA.

Bitcoin’s (BTC-USD) volume weighted average price – the number of bitcoins bought times Bitcoin’s price over

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